Maybank Philippines vs Metrobank: Home Loan Rate Comparison
Below is a side-by-side look at home loan interest rates from both banks. Maybank Philippines rates are verified partner data from Nook. Metrobank rates are approximate figures based on publicly available information and are subject to change — always confirm directly with the bank or through a broker.
| Fixed Rate Period | Maybank Philippines | Metrobank (Approx.) |
|---|---|---|
| 1-Year Fixed | 7.00% p.a. | ~7.25% – 8.00% p.a. |
| 3-Year Fixed | 6.99% p.a. | ~7.50% – 8.50% p.a. |
| 5-Year Fixed | 7.50% p.a. | ~7.88% – 9.00% p.a. |
| Home Equity / Readvance | 9.88% p.a. | ~9.50% – 11.00% p.a. |
Note: All interest rates are subject to change without prior notice. Maybank rates are current as of Nook's latest partner data. Metrobank rates are estimates based on publicly available information and may differ from current offerings. Verify all rates before making a financial decision.
Key Loan Features at a Glance
| Feature | Maybank Philippines | Metrobank |
|---|---|---|
| Minimum Monthly Income | 40,000 | ~40,000 – 50,000 (varies) |
| Maximum Debt-to-Income Ratio | 40% | ~35% – 40% (varies) |
| Eligible Employment Types | Private, Government, BPO, OFW/Seafarer, Self-Employed, Professional | Private, Government, Self-Employed (OFW eligibility varies) |
| Loan Purposes Supported | Foreclosed, Home Equity, New Construction, Pre-Selling, RFO, Renovation, Reselling | Purchase, Construction, Refinancing (foreclosed and pre-selling may vary) |
| Broker Service via Nook | ✅ Free, streamlined application | ❌ Apply directly with bank |
Monthly Payment Illustration
To make the rate difference tangible, here's an estimated monthly amortization comparison on a 3-year fixed rate for a 20-year loan term at a loan amount of 3,000,000.
| Maybank Philippines (6.99% p.a.) | Metrobank (~8.00% p.a. approx.) | |
|---|---|---|
| Loan Amount | 3,000,000 | 3,000,000 |
| Loan Term | 20 years | 20 years |
| Estimated Monthly Payment | ~23,269 | ~25,093 |
| Estimated Monthly Savings | ~1,824 per month | |
| Estimated 3-Year Savings | ~65,664 over fixed period | |
These figures are for illustrative purposes only and do not account for processing fees, insurance, or other charges. Actual amortization will vary based on final approved rate, loan term, and other factors.
Eligibility: Who Qualifies?
Maybank Philippines
Maybank Philippines has broad eligibility criteria making it accessible to a wide range of Filipino borrowers. With a minimum monthly income requirement of 40,000 and acceptance of borrowers from the private sector, government, BPO industry, OFWs and seafarers, the self-employed, and licensed professionals, Maybank is one of the more inclusive lenders in the market. Its maximum debt-to-income (DTI) ratio of 40% also gives borrowers with existing obligations a realistic chance of qualifying.
Metrobank
Metrobank is one of the Philippines' largest and most established banks, with a strong home loan track record. However, eligibility requirements — particularly for OFWs and self-employed borrowers — can be stricter and more documentation-heavy. Income thresholds and DTI caps may also be less flexible than Maybank's depending on the applicant's profile and the property being financed.
If you're unsure which bank you qualify for, Nook's free broker service can assess your profile against multiple lenders at once, saving you from multiple rejections on your credit record. You can also explore how Metrobank stacks up against other banks in our BDO vs Metrobank home loan comparison.
Loan Purposes: What Can You Finance?
Maybank Philippines supports a wide variety of loan purposes through Nook, including ready-for-occupancy (RFO) properties, pre-selling units, resale homes, renovation projects, new construction, home equity loans, and even foreclosed properties. This versatility makes it a strong contender for borrowers with less conventional needs.
Metrobank's home loan products cover purchase of new and pre-owned residential properties and construction financing. Its home equity and foreclosed property programs may be available but terms and eligibility can differ significantly, so it's worth verifying current offerings directly.
Refinancing: Which Bank Is Better?
If you are currently paying above 7.50% on your existing home loan, refinancing to Maybank's 3-year fixed rate of 6.99% through Nook could generate meaningful savings over your remaining loan term. Nook's service is completely free to borrowers — Nook is compensated by the bank, not by you.
For those considering refinancing away from Metrobank, or comparing refinance options generally, it's worth reviewing how different banks approach this. See our Metrobank vs PSBank home loan comparison for another angle on what the market looks like. The best refinance rate currently available through Nook is 5.99% p.a. — well below what most Filipino homeowners are currently paying.
Nook's digital-first process means you can get a refinance assessment, compare offers, and submit documents online — no need to visit multiple bank branches.
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Compare My Options →Frequently Asked Questions
What is Maybank Philippines' current home loan interest rate?
As a Nook partner bank, Maybank Philippines currently offers verified fixed rates of 7.00% p.a. for a 1-year fix, 6.99% p.a. for a 3-year fix, and 7.50% p.a. for a 5-year fix. Home equity loans are priced at 9.88% p.a. These rates are subject to change — apply through Nook to get the most up-to-date confirmed rates at no cost to you.
What is Metrobank's current home loan interest rate?
Metrobank's home loan rates are not publicly fixed and vary based on borrower profile, property type, and loan amount. Based on publicly available information, rates are generally in the range of 7.25% to 9.00% p.a. for standard fixed-rate periods, but these are approximate and subject to change. We recommend verifying directly with Metrobank or speaking with a Nook advisor who can provide a market-wide comparison.
Is Maybank Philippines or Metrobank better for home loans?
It depends on your situation. Maybank Philippines currently offers competitive verified rates starting at 6.99% for a 3-year fix, broad eligibility including OFWs and self-employed borrowers, and the convenience of applying through Nook's free digital broker service. Metrobank offers the reliability of one of the country's largest banks and a wide branch network, but rates can be higher. Using Nook to compare both side-by-side based on your specific loan amount and profile is the most informed approach.
Can OFWs apply for a home loan at Maybank Philippines?
Yes. Maybank Philippines through Nook accepts OFWs and seafarers as eligible borrowers, with a minimum monthly income requirement of 40,000. This makes it one of the more accessible banks for overseas Filipino workers looking to finance or refinance a home in the Philippines.
How much can I save by refinancing from Metrobank to Maybank through Nook?
The savings depend on your outstanding loan balance, remaining term, and current interest rate. As an example, on a 3,000,000 loan over 20 years, refinancing from approximately 8.00% down to Maybank's 6.99% could save you roughly 1,824 per month, or about 65,664 over a 3-year fixed period. Use Nook's free refinance calculator or speak with a Nook advisor for a personalized estimate.
Is Nook's mortgage broker service really free?
Yes, completely free to borrowers. Nook is compensated by the bank when a loan is successfully processed — you pay nothing for Nook's advisory, comparison, and application support services. There are no hidden fees on Nook's end, though standard bank processing fees and charges will still apply as part of your home loan.
What is the minimum loan amount for Maybank Philippines home loans through Nook?
Maybank Philippines home loans through Nook are available for common loan amounts ranging from 1,500,000 upward, with typical loan amounts going up to 10,000,000 or more depending on eligibility. Contact Nook for specific minimum and maximum loan amount guidelines based on your profile.
Can I refinance a foreclosed property with Maybank Philippines?
Yes. One of Maybank Philippines' strengths as a Nook partner bank is that it supports foreclosed property as an eligible loan purpose — along with home equity, new construction, pre-selling, RFO, renovation, and resale properties. This breadth of coverage makes it a versatile option for borrowers with varied property financing needs.